This was a fantastic look into the on the ground proceedings of FTX's crumbling, something that I have been curious about, as I wondered just how these things occurred (who initiated what) in a timeline fashion. I chuckled at John Ray III just straight up ghosting Sam Bankman-Fried. It is clear that Bankman-Fried is just off his rocker, potentially partially due to the habitual abuse of drugs, but it's also probably because of his elitist upbringing coupled with narcissism.

While this article is about the end days, I still see almost no publications addressing Sam Trabucco, who suspiciously left Alameda before all this blew up (I suppose it was blowing up internally already). I get the feeling that some of Bankman-Fried's close circle knew what was going on while others just got railroaded by him and were just plain incompetent versus fraudulent and incompetent.

This is an interesting look into just how pervasive the "fail fast and fail until you make it" mode of operation has infiltrated startup culture. While of course not every startup is committing fraud and FTX is a particularly striking example, I do think that it's an internal look into just how incompetent a lot of startups might be.